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This statistic highlights Macy’s Comparable Sales Growth, split on the basis of ownership and ownership + Licensed, reported on a quarterly basis from 2016 onwards.
Macy’s is one of the premier omnichannel fashion retailers with an iconic brand that gives importance to heritage and American culture and tradition.
The following table represents Macy’s Comparable Sales Growth for Q3 2020, Q2 2021, and Q3 2021.
|Comparable Sales Growth||Q3 2020||Q2 2021||Q3 2021|
|Owned Basis (%)||-21.0%||61.2%||37.2%|
|Owned + Licensed Basis (%)||-20.2%||62.2%||35.6%|
(All figures in percentages)
The minus sign in the table represents comparable sales decline. The company has witnessed drastic changes in its comparable sales growth. The most noticeable change was a sudden jump from a 41.2% comparable sales decline in Q3 2020 to 123.4% comparable sales growth in Q2 2021. A comparable sale is a crucial metric that is tracked closely within the retail industry. It is measured by calculating the variations in net sales for a particular period over the comparable prior period of the same length.
There are several factors that affect the company’s comparable sale growth. Some of them are general changes in the economic conditions of the nation, fluctuation in the business strategies, the efficacy of marketing activities, etc. By calculating the comparable sales of a company, it allows the company to examine the performance of its store base and other aspects of the business strategy for revenue generation.
The company showed an upward trend in both the categories, however, there has been a huge downfall as well. These trends are as follows:
Owned Basis: In Q3 2020 there was a decline in comparable sales of 21% which however was recovered and the company saw an upward trend to the growth of 61.2% in Q2 2021. Although, this was followed by a huge downfall to 37.2% comparable sales growth in Q3 2021.
Owned + Licensed Basis: In Q3 2020 there was a decline in comparable sales of 20.2% which however was recovered and the company saw an upward trend to the growth of 62.2% in Q2 2021. Although, this was followed by a huge downfall to 35.6% comparable sales growth in Q3 2021.
About the Company
Macy’s is an American departmental store chain that was founded in 1858 by Rowland Hussey Macy. It is headquartered in New York, United States, and is an omnichannel retail establishment that operates through stores, websites, and mobile applications under its three main brands namely, Macy’s, Bloomingdale’s, and Bluemercury. The company offers a wide variety of merchandise which includes apparel and accessories, cosmetics, home décor and furniture, and other consumer products.
The common stock of the company is traded in New York Stock Exchange (“NYSE”) under the ticker symbol “M” and has about 90,000 employees across 732 stores worldwide. The company offers a vast range of products for men, women, kids, and home furnishing with specific assortments that varies by the character of customers.
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